Uppsala University

Mathematics - Financial Mathematics, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • Tuition Fee
    15113.5 EUR/year
    Tuition fee
    Free
    Tuition fee
  • English
    Language
The Master Programme in Mathematics - Financial Mathematics from Uppsala University offers a mix of statistical and mathematical tools that will make you well prepared for the professional life. Since all the teachers at the programme are active researchers, you will also have the opportunity to immerse yourself in the theoretical aspects of financial mathematics.

About

In this Master Programme in Mathematics - Financial Mathematics from Uppsala University, you will begin your studies with courses in economics and financial derivatives. Then you will study courses in which you will deepen your knowledge in statistics and mathematical analysis with applications in finance. 

The programme includes training in performing extensive calculations and computer simulations of financial phenomena. This combination between mathematics, finance and simulations will give you good prospects for a successful career in the financial sector.

If you are interested in the mathematical aspects of finance, you will have the option to choose a more theoretical path. This focus will prepare you for further doctoral studies if you want to invest in a career in research. The programme provides a great freedom of choice, as you will be able to select courses that suit your interests, whether it is mathematical theory or financial applications.

Career

If you want pursue a career in finance, this specialisation is the right way to go. Many of our alumni who have obtained a Master's degree in financial mathematics work as different types of analysts, mainly in the banking sector. Another title that is becoming more common among our former students is data scientist. Although most graduates in financial mathematics work outside academia, several of our alumni have continued to graduate studies, both in Sweden and abroad.

Programme Structure

Courses included:

  • Economics/Microeconomic Theory
  • Economics/Financial Theory
  • Economics/Macroeconomic Theory
  • Financial Derivatives
  • Introduction to Partial Differential Equations
  • Partial Differential Equations with Applications to Finance
  • Scientific Computing III
  • Computational Science 
  • Analysis of Time Series

                                                            Instruction is conducted mainly in the form of lectures, tutorials and seminars, and the language is English. 

                                                            For more information, please visit the programme website.

                                                            Detailed Programme Facts

                                                            English Language Requirements

                                                            You only need to take one of these language tests:

                                                            • Minimum required score:

                                                              6.5

                                                              The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                                                            • Minimum required score:

                                                              575

                                                              The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

                                                            • Minimum required score:

                                                              90

                                                              The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

                                                            Academic Requirements

                                                            A Bachelor's degree, equivalent to a Swedish Kandidatexamen, from an internationally recognised university. 

                                                            Also required is 90 credits in mathematics with 20 credits in probability theory, programming and/or numerical analysis.

                                                            Selection: Students are selected based on:

                                                            • a total appraisal of quantity and quality of previous university studies; and
                                                            • a statement of purpose (1 page).

                                                            Tuition Fee

                                                            • International

                                                              15113.5 EUR/year
                                                              Tuition Fee
                                                              Based on the original amount of 30227 EUR for the full programme and a duration of 24 months.
                                                            • EU/EEA

                                                              Free
                                                              Tuition Fee
                                                              Based on the original amount of 0 EUR for the full programme and a duration of 24 months.

                                                            NON-EU/EEA

                                                            • Application Fee: SEK 900
                                                            • Tuition fee, first semester: SEK 72500
                                                            • Tuition fee, total: SEK 290000

                                                            Living costs for Uppsala

                                                            6,573 - 6,670 /month
                                                            Living Costs

                                                            The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

                                                            Funding

                                                            Check the programme website for information about funding options.

                                                            StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.